TSX Venture Exchange – Sept. 1 – 4

The S&P/TSX Venture composite index showed renewed strength over the Sept. 1-4 trading week, a session shortened by the Labour Day holiday. The board posted considerable gains on three of four days to close the week up 54.01 points at 1,229.25. Daily trading volumes were strong, averaging 98.4 million.

Bull performances more than doubled bearish progress: over the week, 62 Venture-listed companies climbed to new 52-week share price highs while only 28 fell to new lows.

The week’s top trader was San Gold, which moved almost 14 million shares to close up 11¢ at $3.17. Investors are loving San Gold’s high-grade Rice Lake gold project in Ontario, which in recent weeks has returned such intercepts as 44 grams gold per tonne over 5.9 metres and 60.3 grams gold over 2 metres, and have pushed San Gold’s share price up $2 or 167% since the beginning of the year.

Another company doing well on gold intercepts was Romarco Minerals, which reported assay results from its Haile gold project in South Carolina. Recent results, including 4 grams gold over 32 metres, expanded the Snake pit mineralization in two directions. Romarco gained 6¢ over the week to close at $1.11.

The biggest absolute gain of the week went to International Tower Hill Mines. In late August the company reported yet another set of solid drill results from its Livengood gold project in Alaska, including 6.3 grams gold over 21 metres, that expanded the project’s potential for higher grades. And in early September Tower Hill kicked off an initial drill program at Coffee Dome, another Alaskan project, which is 17 km away from Fort Knox and hosts quartz-gold-arsenopyrite veins in metamorphic rock.

Long, gold-bearing intercepts at the Cerro Moro project in Argentina lifted Exeter Resource’s share price 65¢ over the week to $4.05. A July estimate pegged Cerro Moro’s current resource at 1.1 million inferred tonnes grading 10.5 grams gold and 545 grams silver per tonne; recent results, such as 101.1 grams gold and 2,507 grams silver over 4.6 metres, look set to boost those numbers.

Buoyed by China’s decision to limit or halt exportation of many rare earth elements, juniors exploring for those elements have seen a surge of interest. One of those benefitting from the surge is Rare Element Resources, which recently started a 5,000-metre resource expansion drilling program at its Bear Lodge project in Wyoming. The company gained 45¢ over the week to reach $3.70; in April it was trading at 60¢.

And two small Vancouver juniors saw their share prices jump on news from their joint-ventured Red Cliff gold property in northwestern B. C. The first two holes of the season returned 7.53 grams gold over 32.5 metres and 4.17 grams gold over 48.5 metres; project-operator Decade Resources gained 30¢ to reach 43¢ while co-owner Mountain Boy Minerals rose 5.5¢ to 10.5¢.

TSX-V most active issues
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
San Gold Res	SGR	13806	3.17	2.91	3.17	+ 0.11
Great Western	GWG	12263	0.28	0.20	0.28	+ 0.05
Mountain Captl	MCI	8946	0.22	0.17	0.21	+ 0.04
RomarcoMnrls	R	8246	1.18	1.00	1.11	+ 0.06
Medoro Res	MRS	8130	0.94	0.70	0.88	+ 0.11
Orex Expl	OX	7852	0.12	0.09	0.10	+ 0.01
Sidon Intl Res	SD	7779	0.06	0.05	0.06	0.00
Golden Arch	GAI	7677	0.01	0.01	0.01	0.00
Otish Energy	OEI	7605	0.05	0.03	0.03	+ 0.01
Sage Gold	SGX	7165	0.07	0.05	0.06	0.00

TSX-V greatest percentage change
		VOLUME	WEEK
		(000s)	HIGH	LOW	CLOSE	CHANGE
Decade Res	DEC	5612	0.49	0.13	0.43	+230.7
Prospctr C Res	PRR	1748	0.04	0.02	0.03	+200.0
Sienna Gold	SGP	639	0.38	0.14	0.31	+106.6
MountainBoyM	MTB	5402	0.14	0.05	0.10	+100.0
ValGold Res	VAL	21	0.02	0.01	0.02	+100.0
Radar Acquistn	RAC	4322	0.08	0.04	0.06	+100.0
Cascadero Copp	CCD	773	0.25	0.14	0.25	+ 92.3
Bayfield Vent	BYV	34	0.23	0.13	0.23	+ 91.6
Aguila Am Res	AGL	55	0.07	0.06	0.07	+ 75.0
Cangold	CLD	745	0.06	0.04	0.05	+ 66.6
Rome Res	RMR	31	0.32	0.15	0.15	-55.8
Hawkeye Gold	HKO	276	0.02	0.01	0.01	-50.0
Atlantic Ind M	ANL	23	0.07	0.06	0.06	-45.4
Orsa Vent	ORN	240	0.04	0.04	0.04	-42.8
Solid Res	SRW	251	0.07	0.04	0.05	-37.5
Columbus Gold	CGT	71	0.27	0.17	0.19	-34.4
Silver Fields	SF	2594	0.03	0.02	0.02	-33.3
Zinco Mng	ZIM	14	0.09	0.08	0.09	-30.7
Cons Fortress	CFR	10	0.10	0.10	0.10	-28.5
Honey Badger E	TUF	65	0.07	0.04	0.05	-28.5

TSX-V greatest value change
WEEK
		VOLUME	CLOSE	CHANGE
Intl Tower Hil	ITH	806944	4.23	+ 0.83
Bear Creek Mng	BCM	380769	2.55	+ 0.67
Exeter Res	XRC	617705	4.05	+ 0.65
Rare Elemnt Rs	RES	1264366	3.70	+ 0.45
Quest Uranium	QUC	2102852	1.63	+ 0.37
Corsa Capital	CSO	63500	0.85	+ 0.32
Decade Res	DEC	5612183	0.43	+ 0.30
Chesapeake Gld	CKG	137466	4.57	+ 0.29
Sacre-Coeur Ml	SCM	407420	1.09	+ 0.28
East Asia Mnls	EAS	2043861	2.17	+ 0.28
Rome Res	RMR	30500	0.15	-0.19
Astral Mining	AA	55400	0.50	-0.13
New Pac Metals	NUX	19750	0.76	-0.12
Crazy Horse Rs	CZH	10000	0.35	-0.10
Columbus Gold	CGT	70700	0.19	-0.10
SouthGobi Engy	SGQ	24100	12.30	-0.10
Rocky Mtn Res	RKY	10000	0.26	-0.09
Caerus Res	CA	119891	0.34	-0.08
Emerick Res	ERC	20050	0.40	-0.08
Champion Bear	CBA	77250	0.34	-0.07